Jeffrey Gundlach on Fed Divisions, Overeasing and Global Opportunities

DoubleLine CEO-CIO Jeffrey Gundlach joins CNBC’s Closing Bell to share his perspective on the Fed’s “risk management” approach, highlighting the divided views within the FOMC and the implications of recent labor-market revisions. He underscores the risk of overeasing and stresses the importance of monitoring unemployment trends over job creation figures, given shifting demographics and labor force dynamics.

Mr. Gundlach analyzes how Federal Reserve policy is influencing the U.S. Treasury yield curve, long bonds and credit markets, warning about the risks of excessive government spending and rising inflation pressures. He considers the potential for yield curve control if long-term rates move too high and reflects on how changes in Fed leadership could shift monetary policy and investor positioning.

Looking forward, Mr. Gundlach points to opportunities in emerging markets debt, gold and non-U.S. equities as beneficiaries of a weaker dollar while maintaining caution toward U.S. stocks and long-duration Treasuries. He also comments on housing affordability challenges, crypto-related strategies and the likelihood of additional Fed cuts before year-end.